No utility = no value. Tell me, how much utility is there one ethereum? Currently close to none. Why in the world would anyone pay anything over transaction val

No utility = no value. Tell me, how much utility is there one ethereum? Currently close to none. Why in the world would anyone pay anything over transaction value for eth? I think the answer is clearly hype and irrational behavior we saw in 2017 crypto rush. What we are seeing is natural return to real value, which for most crypto is next to nothing. Bitcoin is a bit different as you know and my bet with that one is someone or multiple someones with hefty bags are liquidating to save their asses.